Digital health app Livi secures $2bn valuation after fresh funding round
Livi has cashed in on increased demand for digital health services during the pandemic (Image: Livi)
Digital GP platform Kry today said it has raised $300m (£216m) in a fresh funding round after enjoying a surge in demand for remote healthcare services during the pandemic.
The new cash injection, led by CPP Investments and Fidelity, takes the company’s valuation to over $2bn almost three times the price tag given after its previous funding round last year.
Existing investors including the Ontario Teachers’ Pension Plan, Index Ventures and Accel also took part in the Series D round.
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Stockholm’s digital healthcare provider Kry raises €262 million in Series D round
April 27th, 2021.
Stockholm-based digital healthcare provider Kry, a.k.a. Livi in the UK and France has raised €262 million in a Series D round.
The funding is expected to fuel continued expansion and growth plans.
“Kry is a significant and successful player in Europe’s digital healthcare market and this investment is a strong fit with our innovations in healthcare strategy,” comments CPP Managing Director Leon Pedersen.
Founded in 2015, Kry has helped over three million individuals access healthcare. The company saw a 100% year-over-year growth rate in 2020.
“This investment will help us empower patients to make active choices about their health in partnership with thousands of public and private healthcare professionals in Europe,” adds CEO and co-founder Johannes Schildt.
Kry Secures Over US$300m Investment to Accelerate European Expansion Plans
Digital healthcare company Kry, operating as Livi in the UK and France, today announced a funding round of over US$300m (€262m) to fuel its European expansion plans.
The Series D funding round was led by CPP Investments (CPPIB) and Fidelity Management Research LLC with participation from existing investors, including the Ontario Teachers Pension Plan (Ontario Teachers ), Index Ventures, Accel, Creandum and Project A.
Kry will use the investment to scale its platform, building on both its operations as a healthcare provider and its innovative software offerings as well as further geographic expansion. This will bring the benefits of its technology to millions more patients across Europe.
Kry closes $312M Series D after use of its telehealth tools grows 100% yoy
Swedish digital health startup Kry, which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020.
Today it’s announcing an oversubscribed sequel: The Series D raise clocks in at $312M (€262M) and will be used to keep stepping on the growth gas in the region.
Investors in this latest round for the 2015-founded startup are a mix of old and new backers: The Series D is led by CPP Investments (aka, the Canadian Pension Plan Investment Board) and Fidelity Management & Research LLC, with participation from existing investors including The Ontario Teachers’ Pension Plan, as well as European-based VC firms Index Ventures, Accel, Creandum and Project A.